Located in the heart of Armação de Pêra, this property offers an exceptional opportunity for renovation or construction of a multi-family development, with potential for four floors above ground level and one floor below. Key Features: Privileged Location: A few minutes' walk from the beach and close to main services, shops, restaurants and transport, in a central and busy area. Licensing and Feasibility: Already has an architectural project and feasibility for the construction of apartments, streamlining the development process. Construction Potential: Allows for the construction of 4 floors above ground level + 1 floor below, ideal for a highly profitable apartment development. Excellent Investment Opportunity: Tourist area with high demand, both for seasonal rentals and for sale. Development Possibilities: Residential (1-bedroom/2-bedroom/3-bedroom apartments) Tourist (Local Accommodation) Mixed development (commercial + residential) Ideal for investors or builders looking for a project with a premium location, advanced licensing and great potential for appreciation. Contact us for more information and business opportunities!